Glenview Trust co Increases Stake in FactSet Research Systems Inc. (NYSE:FDS)

Glenview Trust co increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 573 shares of the business services provider’s stock after buying an additional 55 shares during the period. Glenview Trust co’s holdings in FactSet Research Systems were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FDS. Huntington National Bank increased its position in shares of FactSet Research Systems by 29.3% in the 3rd quarter. Huntington National Bank now owns 291 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 66 shares during the last quarter. ING Groep NV purchased a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $422,000. OneDigital Investment Advisors LLC increased its position in shares of FactSet Research Systems by 1.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,684 shares of the business services provider’s stock valued at $1,694,000 after purchasing an additional 40 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of FactSet Research Systems by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 5,565 shares of the business services provider’s stock valued at $2,559,000 after purchasing an additional 414 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of FactSet Research Systems by 5.1% in the 3rd quarter. Empirical Finance LLC now owns 915 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 44 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Wells Fargo & Company dropped their target price on shares of FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Morgan Stanley increased their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $449.38.

FactSet Research Systems Stock Up 0.7 %

Shares of NYSE:FDS opened at $440.02 on Tuesday. The stock has a market cap of $16.73 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.93 and a beta of 0.77. The firm has a fifty day moving average price of $457.29 and a 200 day moving average price of $464.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter last year, the business earned $4.12 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.